[MassHistPres] 10% ITC

[SCeccacci at aol.com]

I have been asked to circulate a student request for examples of  projects 
that have used the 10% Federal Historic Preservation Investment  Tax Credit.  
Please see below.
 
Susan Ceccacci
Historic Preservation Consultant
Jefferson, MA
 
I am currently finishing my master's thesis for
completion of my  degree from the School of The Art
Institute in historic preservation. The  topic is
Tracking the 10%  Federal Rehab Tax Credit and was
chosen  due to lack of information on the credit;
unlike the 20% that is tracked and  reviewed, the 10%
is just an item line on an IRS form.

I am wondering if any of your clients were recipients of the 
credit.  Below is an example given to me by the  NTHP.  
Case studies are essential to understanding the 
credit's use and general purpose. I would be happy 
to respect your client's privacy by not mentioning names 
in the study. 

Please let me know if you can help me with  my
research. I appreciate your time and consideration of
my  request.

Best regards,

Stacey Pfingsten
_staceypfingsten at yahoo.com_ (mailto:staceypfingsten at yahoo.com)  
 
 
10 percent Rehabilitation Tax Credit
    *   The $730,000 rehabilitation of a former commercial grocery store into 
_Federal Hill Fitness_ 
(http://www.ntcicfunds.com/library/case_study_MSTCI_Federal_Hill.pdf)  (pdf, 141 kb), a boutique fitness  center will benefit from 
$53,000 in tax credits. The owners were able to  maximize the amount of the 
redeemable credit by invoking the _real estate professional_ 
(http://www.ntcicfunds.com/taxcreditguide/glossary.html#realestate)  allowance. The result of 
their  efforts is a high-quality amenity in the historic Federal Hill neighborhood 
of  Baltimore.